The metallocene polyethylene market will grow from USD 7,829.6 million in 2023 to touch USD 11,832.5 million by 2030, progressing at a rate of 6.2% by the end of this decade.
This is because of the growth in demand for this material from the automotive, packaging, and food & beverages industries and the increase in a count of R&D activities to advance metallocene polyethylene properties, lower cost of production, and develop novel applications.
On the basis of product type, the industry is separated into 3 categories, namely mHDPE, mLLDPE, and others. Amongst these, the mLLDPE category has the largest share. This is for the reason that it is a high-performance polyethylene made from using metallocene catalysts with copolymers.
On the basis of the end user segment, the metallocene polyethylene market is divided into automotive, packaging, healthcare, agriculture, construction, and others. Amongst these, the packaging category is the leader of the pack and it will grow at a rate of 6.4% in the years to come.
This is for the reason that this sector is facing a transformational alteration, because of developing consumer preferences, ecological concerns, and tech progressions.
Furthermore, the rising populace, fast development, surging expenditure, and growth in the retail industry in India, China, and South Korea, are factors preferring the development in requirement for mPE for packaging applications.
In the region, the Indian packaging industry has made a spot with its exports that include packaging machinery, flattened cans, printed sheets, crown cork, and components, craft paper, lug caps, paper board, and plastic film laminates, while imports include lining and coating compounds, tinplate, and others.
Therefore, with the growing acceptance of metallocene-catalyzed plastics and the growth of the plastics business in the nation, the growth of the industry is on the rise.
For example, Reliance Industries Limited planned a novel capacity for its polyethylene plant in the month of July 2019 with the use of Univation Technologies’ UNIPOL PE process. Various products are mass-produced in the plant as well as unimodal & bimodal HDPE, MDPE, and metallocene & LLDPE.
It is because of the increasing research and development all over the world, the demand for Metallocene Polyethylene is on the rise, and the same trend will continue in the years to come as well.
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